In a latest note to investors, a research analyst has provided a rating update for the Consumer Goods sector company, Alcanna Inc (CLIQ). Analyst Derek Dley from Canaccord Genuity remains neutral on the stock and has a C$5.50 price target.
According to TipRanks.com, Dley is ranked #876 out of 5249 analysts.
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The word on The Street in general, suggests a Hold analyst consensus rating for Alcanna Inc with a C$5.50 average price target, which is a 4.0% upside from current levels. In a report issued on March 15, Scotiabank also reiterated a Hold rating on the stock with a C$5 price target.
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Based on Alcanna Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly GAAP net loss of C$151 million. In comparison, last year the company had a GAAP net loss of C$14.17 million.
Alcanna Inc. sells alcohol and cannabis. The firm operated within two reportable business segments: Liquor Operations and Cannabis Operations. Each segment is a distinct unit that offers different products and services, has separate management structures, and their own marketing strategies and brands.
The company’s shares closed on Wednesday at C$5.29.
